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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (14892)	5/10/2005 1:44:32 PM
From: Return to Sender	Read Replies (1) \| Respond to of 25522

Even if you put the chart on daily instead of monthly the uptrend that took place from October 2002 to November 2003 does not change. There was no 5 year hyperbolic downtrend: stockcharts.com[w,a]daclyiay[d20000510,20051231][pb10!b20!b80!i!d20,2!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G Your statement was overly generalized and way too dramatic. I can make a strong case for a downtrend since 2000 too but there was an uptrend within that downtrend. The lower trendline is still a factor for those who want to buy at or near support levels. And as Brian pointed out there have been higher lows set since the low of October 2002. Also the FED was lowering rates for quite a while before the stock market bottomed in 2002. What the FED does is important but you cannot directly correlate the first implementation of lowered rates by the FED with a stock market bottom. You can only say that the FED is trying to stimulate the economy instead of slow it or fight inflation which may lead to an impending stock market bottom. Sure it's possible that the stock market may bottom exactly when the FED first lowers rates but it's just not likely. RtS